No answers, just questions

The Dow is down 348.44 to 10,482.85 and gold is down $43. per ounce today.  The Canadian economists are calling for the Bank Of Canada to cut the overnight rate by a whopping 1.0 and to do it soon, before their scheduled meeting.  The interest I can earn on a bond does not even cover the supposed rise in inflation and the Inflation Index doesn’t take into account food or energy.  The U.S. government has just opened the lending window to money market funds that were tetering on the edge of insolvency.  Real estate investments, as everyone knows, are sliding into the c___per.  They are expecting a whopping leap in the unemployment figures that come out on Friday.

So, my question is, what are we supposed to do now, since money markets, bonds, stocks, gold and real estate are all dive bombing. 

And how are our retired people, who rely on their savings supposed to pay their bills and feed themselves?  Where are we suppose to put our savings so that they are safe and will be there tomorrow?

As my long time readers know, I have been warning to be prepared for awhile time now.  But even with all my reading and research I am unsure as to what I should do next.

Posted by Meg Tilly on Thursday, October 02, 2008 in Chewing the Fat